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Q-Med AB Agrees to Be Acquired by Galderma Pharma S.A. for $970 Million


12/15/2010 8:12:53 AM

Bloomberg Galderma SA, the Swiss maker of Cetaphil skin creams, agreed to buy Sweden’s Q-Med AB for as much as 7.45 billion kronor ($1.08 billion) to add products that smooth wrinkles and enhance breasts. Q-Med shareholders other than founder and Chairman Bengt Aagerup will receive 75 kronor a share in cash, the Swedish company said in a statement today.

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